The Pakistan Economic Survey — an annual report on the performance of the country’s economy — for the fiscal year 2017-18 was presented by Ahsan Iqbal and Finance Minister Miftah Ismail.
The main emphasis, before the beginning of 2017-18 fiscal year, was on four things: energy, economy, elimination of terrorism and education. However, the ruling party did not deliver on its promises and faced major constraints due to the absence of any development framework.
The survey states that Pakistan’s GDP grew more than 5% in each of the past 2 years and by 4% in each of the three years preceding that.
Finance Minister, Miftah Ismail said:
95% of the budgetary expenditures will remain the same for the next government. The in-coming government can modify the budget according to its own strategies.
Take a look at all the major revelations from the Economic Survey below:
- Climate Change Threat
- Stock Market Performance
- Telecom Sector Growth
- External Debts and Liabilities
- Public Spending
- Poverty Rate
- 13-Year High GDP